Non-life insurers' premium in November up 29% to Rs 9,163 crore

NEW DELHI: Non-life insurers collected a gross premium of Rs 9,162.81 crore in November this year, a rise of 28.97% from the year-ago period.

The non-life insurance companies, including both private and public sector, had collected a premium of Rs 7,104.42 crore in the same month a year ago.

Of the total premium generated during the month, the public sector companies registered a growth of 16.2% in new business at Rs 4,484.48 crore against Rs 3,859.88 crore a year ago, showed data the released by Insurance Regulatory and Development Authority of India (IRDAI).


While, the private sector non-life insurance firms witnessed an increase of 44.2% in premium at Rs 4,678.33 crore as compared with Rs 3,244.54 crore in the year-ago period.

During April-November, the premium of all the non-life insurance companies rose by 61.68% to Rs 81,770.55 crore as against Rs 62,098.83 crore in the eight-month a year ago.

For public sector companies, the new business till November this fiscal went up by 29.83% to Rs 44,594.60 crore as against Rs 34,349.74 crore.

While, the premium underwritten by private sector non-life insurance companies stood at Rs 37,175.96 crore, up 33.97% from Rs 27,749.09 crore a year ago, showed the data.